​​Why NEM came back to the top 10 cryptocurrencies

Cryptocurrency NEM in the last 24 hours returned to the top 10 cryptocurrencies list by capitalization with an indicator of $ 4,490,154,000 (according to Coinmarcetcap).

The jump in the rate of 30% occurred against the backdrop of news that the Japanese crypto-exchanger Coincheck began paying compensation to customers affected by the hacker attack in January 2018. Then the hackers managed to steal $ 530 million in NEM tokens. At the time of the theft, one token cost about $ 1. Coincheck is compensating for losses at the rate of 88.549 yen (about $ 0.83) per one NEM token. The exchange rate of NEM on March 14 rose to $ 0.499.

Another reason to look at the token is the Venezuelan cryptocurrency El Petro, which is released on the NEM platform. Venezuelan President Nicholas Maduro has already announced that he pre-sale l Petro raised $ 5 billion. Different states are starting to think about creating their own cryptocurrency, and Venezuela’s success can encourage them to choose NEM as a cryptocurrency “printing press.” On the other hand, in the event of a failure, NEM will again incur reputational costs.

It is noted, that at the end of 2018, a large-scale program update of NEM Catapult is planned. The task of NEM Catapult is to synchronize the private and public NEM blockchains, which will increase the bandwidth, optimize network connectivity and scalability of the network, and expand the functionality.